Quote from @Jonathan Weinberger: Hey guys, Wanted to drop this deal I just closed.

Despite current unemployment rates maintaining below 5%, the recent rise from 3.8% to 4.2%(recently revised to 4.1%) is significant, especially when considering wage growth adjusted for inflation.Over the last few years, the median household income has dropped by 7.2% when adjusted for inflation (and this isn't even considering volatile food and energy prices), a troubling trend given that inflation has outstripped income growth.

Plan: With the ADU income, your effective housing cost could drop below 30% of your income.

Personally, I don't think you should be dropping your minimum credit score to under 600.

I personally never would, but I would talk to people that have that can give you an idea of what it's actually like instead of getting opinions from everyone who never have and say it's the worst.Jacksonville, FL has been great from 2010-2022, but there has been a huge surge in building residential from 2020-2023, which severely impacted the supply and demand balance and rents have flattened or dropped from 2022-today.

When rates drop I anticipate demand to increase and inventory will probably stay about the same, so prices will rise.

Prices here are more stable than they have been in Calgary and Edmonton (we haven't seen the large appreciation, but we also didn't see the price drop that they did a while back). 

Values drop, sometimes drastically, rents go down as quality of tenant declines; cost of operstimg properties increase, and governmental interference, especially in the form of rent control, can slash values and profitability severely. 

Knocking out improvements over the holidays, and selling beginning of the year when interest rates drop and home prices increase due to demand.

Maybe that will change towards the end of the year if I start to see any deals but I believe the Fed will be forced to drop rates precipitously in the next 24 months or so and borrowing will again be advantageous.